ChainCatcher message, the Financial Secretary of Hong Kong, Paul Chan, published a new edition of 'Secretary's Essays', in which he pointed out that the number of licensed asset management companies in Hong Kong rose by 24% year-on-year last quarter, and the number of open-ended fund companies also surged by over 132% year-on-year.

According to the latest data, the number of startups in Hong Kong has reached a new high, with the proportion of startups founded by non-local entrepreneurs also rising to 28%.

In addition, Paul Chan also announced that the public consultation for the new fiscal year's 'Budget' has officially commenced today.